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Facebook Usage Soars, But Online Advertising Plunges

Written by Wilson

Facebook Inc. said usage of its products was skyrocketing because of the coronavirus pandemic but warned that increased activity wouldn’t shield the company from the online-advertising pullback roiling Silicon Valley and Madison Avenue alike.

In a post on Tuesday afternoon, Facebook said total messaging across the platform’s services has increased 50% in countries hit hard by the virus, with video messaging more than doubling. In Italy, which has undertaken some of the strictest restrictions on public life of any country…

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Credit: WSJ.com

About the author

Wilson

I work as the Content Writer in miniamazon. I play Quake like professionally. I love to write about Shopping Trends, Sports and have been writing about them for two years.